Electro Aço Altona Cash Flow Statement

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	91.04	66.54	49.31	37	36.31
Depreciation & Amortization	23.12	23.63	20.48	16.88	12.94
Other Amortization	-	0.36	0.39	0.35	-
Asset Writedown & Restructuring Costs	0.6	2.71	7.23	2.13	1
Loss (Gain) on Equity Investments	-	0.51	-	-	-
Provision & Write-off of Bad Debts	-0	-	-	0.05	0.27
Other Operating Activities	-14.65	18.62	10.71	10.74	10.26
Change in Accounts Receivable	37.55	-13.39	-24.16	12.34	-30.61
Change in Inventory	-0.23	-20.67	-10.49	-8.77	-24.93
Change in Accounts Payable	2.65	3.94	-5.32	-2.87	17.54
Change in Income Taxes	-55.02	-9.92	-9.25	14.62	10.97
Change in Other Net Operating Assets	-3.67	5.83	15.08	-2.87	9.93
Operating Cash Flow	81.38	78.16	53.98	79.6	43.66
Operating Cash Flow Growth	4.12%	44.81%	-32.19%	82.32%	-22.87%
Capital Expenditures	-45.47	-30.35	-31.63	-69.25	-57.26
Investment in Securities	-8.87	-7.65	-2.59	0.2	0.22
Other Investing Activities	1.91	0.96	1.81	-1.19	-1.03
Investing Cash Flow	-52.43	-37.04	-32.41	-70.24	-58.07
Long-Term Debt Issued	102.43	54.21	88.78	89.22	117.46
Long-Term Debt Repaid	-114.23	-87.27	-96.4	-98.77	-88.36
Net Debt Issued (Repaid)	-11.8	-33.06	-7.62	-9.55	29.11
Common Dividends Paid	-	-	-	-	-9.14
Other Financing Activities	-	-16.06	-11.66	-9.89	-4.42
Financing Cash Flow	-11.8	-49.12	-19.28	-19.44	15.55
Miscellaneous Cash Flow Adjustments	-	6	-0	-	-
Net Cash Flow	17.16	-2	2.29	-10.09	1.13
Free Cash Flow	35.92	47.82	22.35	10.35	-13.61
Free Cash Flow Growth	-24.89%	113.92%	116.02%	-	-
Free Cash Flow Margin	6.57%	8.47%	4.51%	2.10%	-3.52%
Free Cash Flow Per Share	1.60	2.13	0.99	0.46	-0.60
Levered Free Cash Flow	16.53	13.69	-6.15	-5.45	-41.74
Unlevered Free Cash Flow	27.79	26.71	5.89	-0.58	-35.81
Change in Working Capital	-18.72	-34.21	-34.14	12.45	-17.11

Source: S&P Global Market Intelligence. Standard template. Financial Sources.